We internally procure off-market assets in select areas.
Franklin Penn Real Estate specializes in acquiring off market investment properties at a discounted intrinsic value, and through redevelopment produces a stable asset with desirable long-term returns.
How We Started
Our model originated with single family homes and rapidly expanded into multifamily investment properties. This straightforward approach to redevelopment has fueled consistent portfolio growth over the last decade.
When repositioning an asset, proformas and construction budgets are closely followed. Thereafter the asset is conservatively refinanced with anticipation of a long-term hold.
The Way We Work
Integral to FPRE’s success is the hands-on involvement our principals take when operating the business. Their complementary skills in real estate acquisition, development, and property management fosters a cohesive dynamic, an advantage that permits FPRE to execute quickly with minimal turnaround time and expense.